Originally Posted by
skydelt
Not only is it a hard pull, but it's not even a pre-approval. All approval decisions will lie with WF, and while I imagine they'll approve broadly, it feels a little silly that for Bilt's earliest customers (I got mine within months of public launch), they don't make a cleaner pathway to WF.
I'm not sure Wells intend to approve broadly. If you're losing lots of money on a portfolio, you don't want to add to that portfolio, do you? Wells probably figured out that Bilt's earliest customers are even savvier than the later customers, and its loss (per customer) would be even greater with this group of customers.